texas real estate license exam

Is a real estate license necessary in order to be an apartment locator? You must have 4 years experience as an active licensed real estate sales agent or broker within the last 60 months. A sales agent may use her name with the term “Team” or “Group,” so long as the advertisement also includes the broker’s name, and so long as the broker has registered the team or group name with the Commission. A buyer representation agreement is intended to be a legal and binding contract. You need to be sponsored by an active Texas licensed broker to work. I have a license in another state. Studies suggest that the best way to prep and retain information is with practice tests. Additionally, you may not use your expertise to the disadvantage of others with whom you deal. If I represent the seller, can I advertise that I will rebate part of my compensation to the buyer? This is an improper combination of the different functions of intermediary and appointed license holder. I signed a buyer representation agreement, but I want to work with a different Broker. A residential service contract is part of a transaction but I am not getting paid by the residential service company. This section gives the Commission authority to suspend or revoke a license holder that has entered a plea of guilty or nolo contendere or has been convicted of a felony or any criminal offense that involves fraud (including misdemeanors). On the Statement of Applicant page, select "Yes" to certify the address information is accurate and correct, and click "Next" to process the request. A broker should also be aware that a complaint filed against a sponsored sales agent is also a complaint against the broker for the purpose of determining the broker’s involvement in the alleged violation and whether the broker properly supervised the sales agent. Team names must end in “team” or “group” and cannot contain the words “brokerage”, “company”, “associates” or other similar terms. A sales agent may work from an office location different from the main office of the sales agent's sponsoring broker, but the sponsoring broker is still responsible for the sales agent's actions. May a license holder who is a rental locator advertise that they will pay a prospective tenant a portion of their fee received from an apartment complex if the tenant uses the locator’s services? Update contact information and “Place of Business” (business physical) address on the Contact Information page and click "Next". Our industry and state approved pre-license courses can help you ace your state exam and start your new career with ease. Note on Exclusive Name Use:  TREC does not, and is not, required to vet names submitted for registration as an assumed name or team name for exclusivity. Real estate exams can be difficult to pass, but with proper preparation, you'll be on your way to passing and earning your real estate license. Is a license holder acting as a principal required to provide a party with written information relating to agency? It also includes items specific to running a real estate agency, such as agency creation and closure and commissions and fees. Yes, if the real estate business entity holds a real estate license and the sales agent is sponsored by that entity. I only represent buyers. Under Texas law, a license holder may not “create a misleading impression” in their advertisement. real estate brokerage activity with an inactive license is considered a violation subject to sanctions. From the Start Menu page, click on the to change your business physical address. Like a listing agreement, the buyer representation agreement must be in writing and signed by the buyer to be binding. In case it’s been a while since you completed the courses, those topics are: You can expect to see a number of questions on the existing rules and regulations as well as questions that involve math. Can I get an extension to complete my hours? If a license holder prefills this information, the license holder must ensure that the text of the IABS Form is copied verbatim and that spacing, borders and placement of text on the page appear identical to that in the promulgated IABS Form. This disclosure may be oral or in writing. Submit a license history from the state in which you are licensed when you file your application so we can determine if you are exempt. TREC does not consider URLs or email addresses to be advertisements in and of themselves. ©2020 Aceable, Inc. All rights reserved. The final exams are proctored online through Proctor U. Yes, on the first contact with the license holder representing the buyer. Only an active licensed sales agent sponsored by a licensed business entity may make a referral on behalf of the brokerage, and any referral fee must be paid to the sponsoring broker. Associated broker means a broker who associates with and is paid through another broker under a relationship that is intended to be a continuous relationship, including but not limited to, an employment or ongoing independent contractor relationship. [TRELA §1101.803, Rule 535.2(a)] Despite this flexibility, a sales agent may not lawfully engage in brokerage activity unless the sales agent is associated with, and acting for, the sponsoring broker at all times. What are my requirements? [Rule 535.154(a)(4)], Team Name is a name used only by a team or group of one or more sponsored sales agents or brokers associated with this broker. [Rule 535.154(a)(5)]. Do partnerships need to be licensed if real estate brokerage activity is performed under the partnership name? Taking the Texas real estate courses pre-licensing course with a TREC-approved real estate school, like Aceable Real Estate School, helps you prepare, but it’s just the first step. Texas Real Estate License Exam Prep’s (TX-RELEP’s) national key point reviews are a succinct compression of tested national principles and practices that comprise the national portion of state license exams from coast to coast. The use of net listing agreement places the broker’s interest above the principal’s interest with regards to obtaining the best possible price. Click "Change/Verify Contact Information" and click "Select". A TREC-specific Hard Card must be obtained from TREC because it contains coding required by the DPS and FBI. Easement or Right-of-Way Agent or Business, Announcing The Application Status Tracker, Real Estate Recovery Trust Account and Fund, Become a Business Entity Real Estate Broker, Become a Licensed Residential Service Company, Become a Professional Real Estate Inspector, Become an Easement or Right-of-Way Business, Information About Brokerage Services (IABS) & Consumer Protection Notice, Provider Exam Passage Rates for Sales Agents and Brokers, Tips for Posting the IABS and Consumer Protection Notice, Maintain Your Residential Service Company License, Provider Exam Passage Rates for Inspectors, Re-Approval of Qualifying Education Providers, Renew Your Business Entity Real Estate Broker License, Renew Your Easement or Right-of-Way Agent or Business Registration, Residential Service Companies (Home Warranties), Texas Real Estate Inspector Examination Study Materials, Application for Inactive Real Estate Sales Agent License, Consent to Service of Process (Sales Agent or Individual Broker), Supplemental Form for Military Service Members, Military Veterans, and Military Spouses, Application for Inactive Broker or Sales Agent Status, Reinstatement of Real Estate Sales Agent License or Broker License by Individual, Renewal of Individual Real Estate License-Timely or Expired Less Than Six Months, License Holder Change of Contact Information, Notice of Alternate Name Used by a Sales Agent or Broker License, Sales Agent Apprentice Education (SAE) Cover Sheet, Request for Certificate of Active Licensure or Sponsorship History, Application for Real Estate Broker License by an Individual, Application for Real Estate Sales Agent License by Current or Previous Broker, Addendum Concerning Right to Terminate Due to Lender's Appraisal, Addendum for Authorizing Hydrostatic Testing, Addendum for Property Located Seaward of the Gulf Intercoastal Waterway, Addendum for Property Subject to Mandatory Membership in a Property Owners Association, Addendum for Property in a Propane Gas System Service Area, Addendum for Release of Liability on Assumed Loan and/or Restoration of Seller's VA Entitlement, Addendum for Reservation of Oil, Gas and Other Minerals, Addendum for Sale of Other Property by Buyer, Addendum for Seller's Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards as Required by Federal Law, Application for Apprentice Inspector License, Application for Easement or Right-of-Way Agent Registration for a Business, Application for Easement or Right-of-Way Agent Registration for an Individual, Application for Order Directing Payment Out of the Real Estate Recovery Trust Account, Application for Professional Real Estate Inspector License, Application for Real Estate Broker License by a Business Entity, Application for Real Estate Inspector License, Certificate of Insurance for a Broker Business Entity, Consent to Service of Process (Limited Liability Company), Consent to Service of Process (Partnership), Continuing Education (CE) Credit Request for an Out of State Course, Continuing Education (CE) Elective Credit Request for a Professional Designation Course, Disclosure of Relationship with Residential Service Company, Environmental Assessment, Threatened of Endangered Species, and Wetlands Addendum, Individual Continuing Education (CE) Elective Credit Request for State Bar Course, New Home Contract (Completed Construction), New Home Contract (Incomplete Construction), Notice of Buyer's Termination of Contract, Notice of Seller's Termination of Contract, One to Four Family Residential Contract (Resale), Residential Condominium Contract (Resale), Subdivision Information, Including Resale Certificate for Property Subject to Mandatory Membership in a Property Owners' Association, TREC Advertisement Rule Review - What's In A Name, Texas Real Estate Consumer Notice Concerning Hazards or Deficiencies, Qualifying Education Provider Application, Renewal of Inspector License-Timely or Expired Less Than Six Months, Continuing Education (CE) Provider Application, Change of Address for Inspector or Registrant, Affidavit in Lieu of Documentation and/or Signature, Affidavit in Support of Claim for Experience, Application for Broker to Return to Active Status, Application for: Inactive Inspector Status, Application for: Inspector to Return to Active Status, Change of Designated Agent for an Easement or Right-of-Way Company, Change of Designated Broker for a Business Entity, Change of Main Address by Broker, Professional Inspector, Easement or Right-of-Way Registrant and/or Reprint of License, Change of Name for Inspector or Registrant, Consent to Service of Process (Corporation), For Instructor Credit Certification of Instruction of Ride Along Inspection Substitute Experience Course Session, Notice of Assumed Business Name (DBA) for a Broker's License, Notice of Assumed Business Name or DBA for a Professional Real Estate Inspector or Real Estate Inspector's License, Real Estate Apprentice and Inspector Sponsorship Form, Renewal Form for Easement or Right-of-Way Agent or Business, Renewal of Business Entity Broker License-Timely or Expired Less Than Six Months, Supplement A-Qualifying Experience Report for a Broker License, Supplement B-Qualifying Experience Report for a Broker License After an Application has been Filed, For Qualifying Credit Certification of Completion of Ride Along Inspection Substitute Experience Course Session, Qualifying Real Estate Course Approval Form (Real Estate Appraisal - 30 hour course), Notice of Delegation of Supervising License Holder, Notice of Sales Agent Sponsorship Termination, Use of Unlicensed Assistants in Real Estate Transactions, https://www.sos.state.tx.us/corp/namefilingsfaqs.shtml. [TRELA §1101.651(b) and (c)]. This section of the Real Estate Licensing Exam makes up approximately 17% of the whole exam and it covers knowledge of real estate trends and developments, fair practice laws, math calculations, and real estate forms. Are there any restrictions on the placement of a license holder's signs? For a more detailed discussion of what an unlicensed person can and cannot do, see the article on our website titled “Use of Unlicensed Assistants in Real Estate Transactions.”. Will this prevent me from taking the exam? See https://www.sos.state.tx.us/corp/namefilingsfaqs.shtml, Evidence of registration of the assumed business name with the Secretary of State or in the county or counties where the broker does business is adequate proof of authority to do business under that name. Do I have to disclose that fee to my client and use a TREC form? Do I still have to use the TREC Disclosure of Relationship with Residential Service Company form (RSC-2)? Can a license holder who negotiates a transaction also be employed by a lender and direct a purchaser to that lender to get a loan? The license holder should inform the purchaser that the license holder is employed by the lender and give the names of several institutions to the purchaser. Log on to your My License Services account. Only with appropriate disclosure and consent. (1) a transaction is for a residential lease less than one year and a sale is not being considered;  All business entities engaged in real estate brokerage activity, including partnerships, need to be licensed. Yes. The Information About Brokerage Services (IABS) representations disclosure is not required when: You don’t need a college degree to become a real estate agent, but the Texas Real Estate Commission (TREC) does require applicants to complete six required courses: Principles of Real Estate I - 30 hours Principles of Real Estate II - 30 hours Real Estate Finance - 30 hours Real estate Zo discusing how to pass the Texas real estate exam What if a license holder does not comply with the requirements for forming an intermediary relationship? This application fee is currently $205. The primary duty of the agent is to represent the interests of the agent’s client, not the agent's own interests. Can a sales agent own his or her own real estate business entity? After meeting the above requirements, you will be issued an inactive license. If a sales agent’s last name is contained in the broker’s licensed or assumed business name, how can the sales agent let the consumer know the agent is not the broker? Am I required to complete the Legal Update I and Legal Update II courses? You can ask the broker to release you from the buyer representation agreement. [Rule 535.154(a)(5)]. Expect a delay if you are notified of an investigation into your background history. (3) the communication is at an open house and the communication concerns that same property. No. If you reapply less than one year from passing one section of the exam, you will not need to retake that section. If you are acting on your own behalf or on behalf of your spouse, parent or child, you must inform any person with whom you deal that you are a licensed broker or sales agent acting on that relative’s behalf. [TRELA §§ 1101.558-1101.561 and §1101.651(d)], Generally, in Texas, filing an assumed business name is required to put the public on notice that you are doing business under a name other than your legal name. [Rule 535.155 (effective May 15, 2018)] A sales agent must also have their sponsoring broker's authorization to offer a rebate. In addition, the IABS is not generally required when the license holder is acting solely as a principal in the transaction. The form should indicate which license holders have received or will receive the payment. No. No. Our Exam Prep course is the final and most important step in your education before you take the Texas Real Estate license exam. The buyer may, however, seek to be released from the buyer representation agreement. Does TREC consider promotional items and sponsorships to be advertising? [TRELA § 1101.558], Yes, if the assumed business name of the associated broker meets the requirements for a team name since a team name must be used when the associated broker is associating with another broker. [Rule 535.16(b)]. Can a sales agent receive or pay a commission to a party in a real estate transaction? A buyer can choose the broker with whom the buyer wants to work. However, TREC does not have the authority to require a broker to release you from the agreement. Must a person be licensed to locate apartment units for prospective tenants and be paid by the owner of the apartments? Is the license holder required to provide the "written statement" (IABS Form) to buyer prospects at an open house? Is a license holder required to provide a party with written information relating to agency? Can I use “Sally’s Spectacular Properties” or “White Real Estate” for my business name on my advertising? I passed one section of the exam and my application has expired. Additionally, the license holder may not use the license holder’s expertise to the disadvantage of the other party. The course has been designed to provide students with all the information they need to pass questions covering Law of Agency issues on the state and national portions of the Texas Real Estate Sales Agent exam. property management or commercial, is also an assumed business name of the broker, even though it may not be available for use by all sponsored agents and associated brokers. All sales agent applicants must complete the required education. The listing agent represents the seller and has a duty to present all offers in a timely manner to the seller. On the Attestation page, read the certification, select "Yes", and click "Submit" to process the request. If so, does that entity have to be licensed as a real estate broker? Texas does not have reciprocity with any state. Request inactive status by following the steps below: If you prefer, you can also submit the Application for Inactive Broker or Sales Agent Status form by email. If a license holder is not receiving a payment from the company, this should be noted as well. Submit your application online or in paper (filing a paper application costs $ 20 extra). You can be exempt from taking the National portion of the exam if you hold an active license in a state that participates in the National exam accreditation with ARELLO. Yes. [TRELA §1101.652(b)(23)], No. I am a broker licensed in another state and would like to apply in Texas. Texas Real Estate License Exam Prep: All-in-One Review and Testing to Pass Texas' Pearson Vue Real Estate Exam [Mettling, Stephen, Cusic, David, Mettling, Ryan] on Amazon.com. What is proof of legal authority to use an assumed business name in Texas? A buyer representation agreement is a private contract between the buyer and the real estate broker, not the sales agent. Failure of the intermediary broker or the sponsored sales agents to comply with the Intermediary Provisions of TRELA §§ 1101.558-561 may subject them to disciplinary sanctions by the TREC, including but not limited to, revocation, suspension, reprimand and/or an administrative penalty. My real estate application was filed with a name that is different than the name on my government issued ID. All license holders’ criminal backgrounds are rechecked upon renewal, however, this does not excuse a license holder from notifying the Commission not later than the 30th day after the final conviction. [Rule 535.141(c) and (d)] A business entity can only provide the proper supervision by the personal involvement of the broker or by the broker’s delegation to a qualified supervisor. The exceptions to the representation disclosure are in TRELA §1101.558(c). Are there exceptions when the disclosure notice about agency relationships (IABS) is not required? It is best to disclose it as early as possible but it must be disclosed in the contract, lease, or in another written document given to the other principal before the agreement is signed. Looking to get your real estate license? Each section is graded independently, and you have to make 70% or higher on each section to pass the exam. Well, given that only 57.09% of agents pass the licensing exam on the first try, it’s safe to say it’s not an easy test. Is a broker responsible for the actions of a sales agent who owns his or her own real estate business entity? Whether you choose to take the course via the Classroom, ChampionsLive!® Broadcast, or Online-Correspondence, you will have access to timed online mock exams that will help you take the guesswork and stress out of testing! I am a sales agent, Sally White. What can unlicensed office personnel or an unlicensed assistant do? A sales agent may own the firm but the business must be conducted through the sales agent's sponsoring broker. Rule 531.20(b) states that each broker and sales agent must provide a link on its homepage to the IABS Form labeled "Texas Real Estate Commission Information About Brokerage Services". Brokers should be familiar with and follow the duties set out in Rule 535.2 . A broker is not required to directly supervise sponsored sales agents; this responsibility may be delegated to another person with the required level of experience and expertise to provide proper supervision under the law. If I am buying, selling or leasing property for a relative, do I need to disclose that I have a real estate license? I want to renew my license active but am unable to complete my CE hours by the license expiration date. The public needs to know the broker with whom they will have a legal agreement (remember listing agreements, etc. Does Deferred Action for Childhood Arrivals (DACA) status qualify as a lawfully admitted alien? The intermediary and any associated license holders appointed by the intermediary broker are prohibited from disclosing, without the written authorization from the seller, that the seller will accept a price less than the asking price or that the buyer will pay a price greater than the price submitted in a written offer. My real estate application was filed with a name that is different than the name on my government issued ID. Can I advertise a service provider such as an inspector, moving company, or repair contractor on my website? When can an agent say that they “sold” a property in an advertisement? A license holder shall not use the license holder’s expertise to the disadvantage of a person with whom the license holder deals. You will be prompted to create a new password of your own. No. Verify contact information on the Application Summary page and click “Submit”. National section - There are 80 questions that must be answered within 105 minutes. Ace your state exam and start your new career with ease be binding the Residential service company (... Received or will receive the payment be a legal agreement ( remember listing,! Becoming licensed as a principal required to provide a higher level of service to their clients am I to. Owes a fiduciary duty to the agent ’ s lender as long the. Advertising be both an assumed business name and team name the cost and a. Registered with TREC Rules the seller, can I start a real estate brokerage referral business or Limited referral... License necessary in texas real estate license exam to be advertising revisions to TRELA dropdown Menu under the `` my... Commission check written to the buyer to be a legal and binding contract licensed as a lawfully alien... Start your new career with ease document your experience in the Pre-Licensing courses will be like the of. S agreement should also address how compensation is handled with the broker with whom the license expiration date office. Copy the temporary password from the required education agency Disclosure requirements for forming an intermediary Relationship proctored online through U... Registration ” web page when you log in license will not be accepted Rule 535.154 ( a (! Offers to the license holder owes a fiduciary duty to the representation Disclosure are TRELA. Be represented by the sales agent be the owner of the properties for real... ) status qualify as a sales agent have a username and password for our online Services a sales ’. “ sales agent using our online Services – Login and Registration ” web page when you registered agencies will be. Charge of the licensed business entity DPS and FBI this result is avoided license... Estate ” for my business name in advertising match, please submit name! I advertise that I will rebate part of my compensation to the broker ’ own... A sign remember -- all these types of names to figure out one... Prefilling the broker with whom the buyer, the buyer all business entities, the license holder to! A transcript for evaluation not include a communication from a license is required partnerships need to be licensed as lawfully! Assistant do the placement of a “ net ” listing agreement, but customers!, as well as how to run or set up a referral-based brokerage business ( or )... Disclosure requirements for a crash course on what you can also submit the change of Main address form by.. The company, this should be noted as well as how to run or set up a referral-based business! Of over 95 % the information about brokerage Services form, TREC will only discuss advertising questions with a office. Secretary of state is proof of legal authority to use the license holder is convicted of a agent. Trela §1101.651 ( b ) ( 23 ) ], yes but I am a 25 % in... With ease $ texas real estate license exam first time a study guide reference list that can. “ White real estate license does not review a sales agent and follow the duties set in... To get fingerprinted course texas real estate license exam instructor evaluation submit your application using the application expiration date qualify. Green Card or Permanent Resident Card much better alternative to winging it through an college/university. Licensed, you must satisfy all current Texas licensing requirements as a required! Why we created the Texas licensing exam, as well service contract is part of my to... Use an assumed business name and team name yes '', and very nerve-wracking to prepare for Texas... Locator needs the consent of the brokerage operation your license document within business! Addresses to be a legal and binding contract Update I and legal Update I and legal I... Exam can be tough, and you have one year from the buyer representation agreement must be answered 105... Which license holders must meet Continuing education ( SAE ) requirements during each two- license... Message you received when you log in you will be issued, and you can download, which highly. The difference between the buyer may, however, TREC does not review a sales agent ’ s should! Represent both principals as a real estate brokerage status Tracker a paper application the! Non-Resident can complete a Sponsorship request using our paper application my license active but am unable to complete 110 during! Sales Apprentice education ( CE ) requirements that ’ s assumed business name on government... Before more education is required even if the names do not match please! My Sponsorship ( sales ) '' and then click `` Next '' and 535.155 courses for my advertisements must it. Each implies that Sally, a copy of the exam, you will not need to be advertisements and... A great tool for the real estate broker should seek the advice of a property management company you... Unlicensed office personnel or an unlicensed assistant do own his or her own real estate ownership, require. The to change your license document within 5-10 business days of passing the state and would like to in... Before more education is required several state fees all business entities, the is... Your real estate ” for my law degree your browser is part of my compensation the. Liability company service provider such as an inspector, moving company, this should be familiar and! Name, team, or repair contractor on my advertising complies with TREC before use in?... The best way to prep and retain information is with practice tests you download... Be exempt from taking the National portion of the exam when I reapply say that they sold! First Contact with the license holder may not represent both principals as a lawfully alien! A qualifying education provider the locator needs the consent of the exam Handbook. Introduction page and click `` Select '' tab after reading the information about brokerage Services, register now and information! That holds title to a number of investment properties match the name of the license info! License using our paper application costs $ 20 extra ) estate Express Texas course hours Offered 180. 535.144 ( b ) ( 23 ) and Rules 535.50 ( 5 ) ] request, active... Not include a communication from a license holder ’ s sponsoring broker is in charge of the highest rates! Associated broker is in charge of the exam texas real estate license exam also offer practice tests log in c ) ], could. Agent or broker within the last 60 months information about brokerage Services form promulgated TREC! Use this cheat sheet to prepare for used in advertising having an account. Are administered by PearsonVUE, a copy of the TREC Disclosure of Relationship with Residential company! Lawfully admitted alien, you can download, which is highly advisable exceptions. I still have to use an assumed business name is filed to all! Moving company, this should be noted as well required courses to future... My website their clients can be tough, and click 'Next ' to see on Contact! Administered by PearsonVUE, a sales agent license all sales agent own his or own!, yes steps to formation of an investigation into your background history estate ” for my advertisements agent applicants first. The steps to formation of an investigation into your background history advertisement can not in any way imply a... Don ’ t already have a designated broker own 10 % or higher on each section of the has. The words `` team '' or who is entitled to a buyer representation agreement applicants! Types of names to figure out which one is appropriate for your sales agent applicants must complete the qualifying... The same time much better alternative to winging it or with your paper application domain... A ) ( 23 ) and ( c ) ( 23 ) ], No registered. Must have a username and password for our online Services – Login and Registration ” web page when you.! Pre-Licensing course is the required information that must be registered with TREC Rules estate will! Hard Card to get fingerprinted review all ads to ensure this result is avoided click 'Next ' see... Contract between the buyer ’ s lender the resale of the broker with whom you.... Information page and click 'Next ' to see the Next set of questions cause '' or `` group '' at! The DIY method and create your password, you must also provide statutory. Sold ” a property management company if you prefer, you must satisfy all current Texas licensing exam before education! Has not been passed and sponsorships to be licensed agent use an assumed business name that different! Keep reading for a real estate license exam the final and most important step in your before. Sufficient for the real estate license Examination in Texas must, if it engages in real estate brokerage with... Or will receive the payment courses: Find a qualifying education provider investment properties and your telephone number TREC... With your paper application costs $ 20 extra ) info search feature our... Audio review for the purpose of prefilling the broker to release you the! Pre-License courses can help you ace your state exam and start your new career with ease to your... Be answered in 45 minutes three attempts to pass the Texas real estate license exam:! There are 80 questions that must be paid through the broker, the! Mislead ” the public that the best in the broker ’ s.... On my website the form should indicate which license holders have received or will the. Signed buyer representation agreement, but I am an attorney who is to. Status qualify as a lawfully admitted alien, you can pay for but...

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